Peak Energy Services Trust (TSX:PES.UN) reported that the Toronto Stock Exchange has conditionally accepted the Trust’s previously announced non-broked private placement of 80,000,000 trust units to Deans Knight Capital Management Inc. and certain directors and officers of the Trust for gross proceeds of $16 million.

The press release is quoted as saying:

Peak is a diversified energy services organization operating in western Canada and the United States. Through its various operating divisions, Peak provides drilling and production services to its customers both in the conventional oil and natural gas industry as well as the oil sands regions of western Canada. The Trust also provides water technology solutions to a variety of customers throughout North America. Peak’s units are listed on the TSX under the symbol “PES.UN”.

Click here to access the entire press release

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